Brazilian exports of wood-based products (excluding pulp and paper) totaled $278.6 million in February, down 8.5% year-over-year, the ITTO reported.
Wood Markets News
US Median Asking Rent Trends Lower Year-Over-Year in March
The median US asking rent fell 0.6% year-over-year to $1,610 in March but rose 0.4% month-over-month, Redfin reported.
Campbell Global Closes $1.5 Billion Forest and Climate Fund
J.P. Morgan Asset Management announced the close of Campbell Global’s Forest & Climate Solutions Fund II at $1.5 billion, exceeding its fundraising target.
BMI Group Acquires Idled Domtar Pulp and Paper Mill in Espanola, ON
BMI Group subsidiary Bioveld North Inc. has signed an agreement with Domtar to acquire the former Espanola pulp and paper mill.
US Remodeling Market Sentiment Declines in Q1
The NAHB/Westlake Royal Remodeling Market Index declined 5 points to 63 in Q1.
US Building Materials Price Growth Slows in March
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were up 0.6% in March, the BLS and NAHB reported.
US Producer Price Index for Final Demand Rises 2.7% Year-Over-Year in March
The seasonally adjusted Producer Price Index (PPI) for final demand fell 0.4% month-over-month in March.
University of Michigan Releases the Preliminary Results of Its Consumer Sentiment Index for April
The University of Michigan Index of Consumer Sentiment declined to 50.8 in April, a month-over-month decline of 10.9% and year-over-year decline of 34.2%.
Mass Timber Being Used in Industrial Construction for the First Time in Sudbury, ON
The use of mass timber for industrial and commercial purposes has been more common in western Canada but is new to Sudbury, CBC reported.
West Fraser Moves to Four-Day Work Week at Williams Lake, BC, Sawmill
West Fraser will be reducing production at its Williams Lake, BC, sawmill from five days down to four days for the next two months, The Williams Lake Tribune reported (4-10-25).